Grab today announced three goals to drive sustainable and inclusive growth in Southeast Asia.
The 3 ESG goals are: 1) doubling the number of marginalised individuals earning income on its platform by 2025, 2)
reaching 40% female leadership by 2030, and 3) achieving carbon neutrality by 2040. These goals were unveiled in the company’s annual Environment, Social and Governance (ESG) report released today.
“We have to confront two important realities in a rapidly growing digital economy. First, an unequal access to opportunities, and second, an acceleration of climate change. This is why we are focusing our ESG goals on driving inclusive growth and closely managing the environmental footprint of our ecosystem. Our journey to becoming a triple bottom line company reflects our strong belief that the long-term success of our business is intricately linked to the welfare of the communities we serve, and the health of our planet,” Anthony Tan, Co-Founder and Group Chief Executive Officer of Grab.
The group’s commitment to facilitate economic growth and uplift communities, bringing over 680,000 small merchant-partners onto the platform, and upskilling over 780,000 driver-partners through GrabAcademy. In 2021, Grab’s partners earned US$8.9 billion on the platform, a 24% increase from 2020. The company also contributed US$20 million from the GrabForGood fund to provide free Covid-19 vaccinations for partners.
Meanwhile, to ensure the safety of Grab’s partners and consumers remains a top priority for Grab. On-demand deliveries boomed at the height of the pandemic. However, the industry also saw an increase in road traffic accidents during this period of time. Through additional safety measures and training, Grab’s accident rate for its delivery segment improved by 36% year-on-year, even against strong growth in its delivery business. In 2021, more than 99.99% of Grab’s rides occurred without any incident.
On top of that, it is committed to reducing greenhouse gas emissions and plastic waste. In 2021, Grab switched to powering all its corporate offices with 100% renewable energy, and launched a 100% low-emissions 2-wheel rental fleet in Indonesia.
Grab’s carbon offset and cutlery toggle features enabled users to make greener choices in everyday decisions. The features contributed to the planting of over 42,000 trees regionally, offsetted more than 2,300 tonnes of greenhouse gas emissions through carbon credits 6 , and reduced the use of more than 774 million sets of single-use cutlery.
